SECURE ACT Update: Lifetime Income Illustrations

The Setting Every Community Up For Retirement Enhancement Act of 2019 (the “SECURE Act”), made sweeping changes to retirement plan rules.  As part of our ongoing efforts to summarize key provisions of the SECURE Act that may impact (or provide opportunities for) employers that sponsor retirement plans (our prior alerts in this series are available here, here, and here), this alert discusses the new requirements under the SECURE Act for plans to include lifetime income illustrations in benefit statements for individual account plans.

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